Real Estate Maryland-Real-Estate-Salesperson Question Answer
Which agency duties survive termination of an agreement?
A.
Accounting and loyalty
B.
Confidentiality and accounting
C.
Confidentiality, loyalty, and accounting
D.
Reasonable skill and care, confidentiality, and loyalty
The Answer Is:
B
This question includes an explanation.
Explanation:
When an agency relationship ends (expiration, completion, mutual agreement, or termination), certain duties survive: chiefly confidentiality (protecting client confidences and motivations) and accounting (proper handling and return of money, keys, and documents; final accounting for trust funds). Duties such as loyalty and reasonable skill and care do not continue after termination.
References (Maryland Pre-Licensing Core Content):
Maryland 60-Hour Course: “Maryland Agency Law” (scope of fiduciary duties; duties that survive agency termination).
COMAR 09.11.02 (confidentiality and accounting obligations).
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